The Cohorts · Quarterly vintage
Inception 2025-10-01 · 0.9 years held
Q4 2025 · Top 10.
On 2025-10-01, these 10 businesses were the 10most-undervalued names in our coverage universe by Mr. Market's protocol. We've held them, equal-weighted, since.
Q4 2025 · Top 10 · since inception
+27.2%
CAGR 28.9% annualised
S&P 500 · since inception
+15.3%
CAGR 16.2% annualised
Spread
+11.9%
This cohort has beaten the index.
Other cohorts at the same inception
The constituents.
Ranked, on the inception date, by Δ% to intrinsic value. Each holding is equal-weighted at 10.0% of the portfolio.
| Rank | Ticker | Entry price | Entry IV | Entry Δ% | Current price | Return | Contribution | |
|---|---|---|---|---|---|---|---|---|
| 1 | OXY | $46.79 | $279.89 | +504.2% | $61.46 | +31.4% | +3.1% | Read → |
| 2 | BAC | $49.62 | $287.15 | +468.5% | $62.69 | +26.3% | +2.6% | Read → |
| 3 | CVX | $148.72 | $636.58 | +326.1% | $214.06 | +43.9% | +4.4% | Read → |
| 4 | CAT | $476.53 | $2,008.38 | +324.7% | $818.57 | +71.8% | +7.2% | Read → |
| 5 | WMT | $101.11 | $408.01 | +306.6% | $107.15 | +6.0% | +0.6% | Read → |
| 6 | UNH | $341.36 | $1,001.37 | +195.9% | $379.09 | +11.1% | +1.1% | Read → |
| 7 | GOOGL | $244.26 | $705.10 | +190.8% | $338.50 | +38.6% | +3.9% | Read → |
| 8 | ADBE | $343.72 | $1,025.68 | +187.5% | $252.23 | -26.6% | -2.7% | Read → |
| 9 | UNP | $229.89 | $657.62 | +184.1% | $284.40 | +23.7% | +2.4% | Read → |
| 10 | JNJ | $181.95 | $501.60 | +182.4% | $265.58 | +46.0% | +4.6% | Read → |
Biggest contributors
Where the cohort earned its keep.
- CAT · $476.53 → $818.57+71.8%
- JNJ · $181.95 → $265.58+46.0%
- CVX · $148.72 → $214.06+43.9%
Biggest detractors
Where the protocol got it wrong.
- ADBE · $343.72 → $252.23-26.6%